SMRT Trains' profit after tax almost doubled to S$12.8 million for the financial year ended March 31, 2026, up from S$6.9 million the year before [1, 2, 3]. The rail revenue grew 5.6 percent to about S$969.7 million, boosted by higher ridership and fare collection [1, 2, 3]. The net profit margin improved to 1.3 percent from 0.75 percent the prior year, which had been hit by S$10 million in one-off costs from a major East-West Line disruption in September 2024 [1, 2, 3]. Public transport fares rose 5 percent starting December 27, 2025, adding nine to 10 cents per journey depending on distance [2, 3]. These fare hikes contributed to revenue growth.

However, increased spending on repairs, maintenance, and energy partly offset earnings gains. SMRT's total train maintenance costs reached S$245 million while energy costs surged to S$125 million amid a more than 10% rise linked to the 2025 Middle East conflict [1, 2, 3].

SMRT's train network achieved about 2 million mean kilometres between failure (MKBF) for the first time in 2026—double the 1 million MKBF benchmark regarded as world-class performance. SMRT Corporation chairman Seah Moon Ming said, "That is double the 1 million MKBF benchmark associated with some of the best-performing metros in the world. It is not the result of a single breakthrough or the effort of one exceptional individual. It comes from discipline, teamwork, and a commitment to keep improving, every single day" [1].

Outside rail operations, SMRT expanded its commercial businesses, including the limousine and specialised vehicle segments of taxi operator Strides Premier, and invested about S$4.5 million in dual-use digital advertising panels at MRT stations through its advertising arm Stellar Ace [2, 3].

SMRT also noted that rail licence renewals typically take over three years. The Thomson-East Coast Line licence expires in 2029, while the licences for the North-South, East-West, Circle Lines and Bukit Panjang LRT expire in 2031. Chairman Seah Moon Ming said it was "timely for us to begin discussions with the relevant authorities on the renewal of our rail licences" [1].

The company will continue reporting on financial and operational performance in its upcoming licensing discussions and future financial updates [1].